América Móvil To Bring iPhone To Latin America

América Móvil has signed with Apple to bring the iPhone to Latin America bringing the iPhone to Mexico and other Latin Caribbean countries this year.

The company said it plans to bring the iPhone to all of its Latin American operations, but didn't say whether it would be the exclusive iPhone provider in the targeted countries.

The deal mark's Apple's fourth international distribution deal for the iPhone in recent weeks; in addition to the Vodafone deal in Europe, it has also announced a separate arrangement with Telecom Italia and Canada's Rogers Communications. The new distribution deals could be important for the future of Apple's iPhone product as it moves the line forward.

So far, Apple has sold about 5.5 million iPhones; the company has a goal of selling 10 million iPhones by the end of 2008. A new 3G version of the iPhone is expected in North American markets and possibly overseas by mid-year.

At the end of March, América Móvil had 159.2 million subscribers in 16 countries. The company operates in the USA, Mexico, Argentina, Brazil, Chile, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Nicaragua, Paraguay, Peru, Puerto Rico and Uruguay.